Shelton Capital Management Boosts Position in SYSCO Co. (NYSE:SYY)

Shelton Capital Management boosted its stake in shares of SYSCO Co. (NYSE:SYY) by 676.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,516 shares of the company’s stock after purchasing an additional 35,300 shares during the period. Shelton Capital Management’s holdings in SYSCO were worth $2,461,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its position in SYSCO by 1.0% during the second quarter. State Street Corp now owns 26,707,981 shares of the company’s stock worth $1,344,209,000 after acquiring an additional 272,303 shares during the period. Capital World Investors grew its holdings in shares of SYSCO by 11.7% during the second quarter. Capital World Investors now owns 13,767,000 shares of the company’s stock worth $692,893,000 after buying an additional 1,445,000 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of SYSCO by 2.0% during the third quarter. Ameriprise Financial Inc. now owns 10,451,813 shares of the company’s stock worth $563,890,000 after buying an additional 208,815 shares in the last quarter. Parnassus Investments CA grew its holdings in shares of SYSCO by 1.8% during the fourth quarter. Parnassus Investments CA now owns 7,547,366 shares of the company’s stock worth $458,352,000 after buying an additional 136,965 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of SYSCO by 7.5% during the fourth quarter. American Century Companies Inc. now owns 6,578,176 shares of the company’s stock worth $399,493,000 after buying an additional 457,259 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on SYY shares. Pivotal Research reaffirmed a “hold” rating and set a $53.00 target price on shares of SYSCO in a research note on Sunday, November 5th. Loop Capital increased their price target on shares of SYSCO to $68.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. BMO Capital Markets set a $66.00 price target on shares of SYSCO and gave the stock a “buy” rating in a research report on Friday, December 8th. Zacks Investment Research cut shares of SYSCO from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Morgan Stanley raised shares of SYSCO from an “underweight” rating to an “equal weight” rating and set a $64.00 target price on the stock in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.20.

In other news, insider Wayne Shurts sold 15,600 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $56.66, for a total transaction of $883,896.00. Following the completion of the sale, the insider now owns 56,985 shares in the company, valued at approximately $3,228,770.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William W. Goetz sold 11,323 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $62.00, for a total value of $702,026.00. Following the completion of the transaction, the senior vice president now owns 35,825 shares of the company’s stock, valued at approximately $2,221,150. The disclosure for this sale can be found here. Insiders sold a total of 144,695 shares of company stock valued at $8,759,223 in the last 90 days. 9.60% of the stock is owned by company insiders.

SYSCO Co. (NYSE:SYY) traded up $0.63 during trading on Friday, reaching $60.00. The company’s stock had a trading volume of 2,187,345 shares, compared to its average volume of 2,834,139. The firm has a market capitalization of $30,986.32, a P/E ratio of 26.79, a P/E/G ratio of 1.99 and a beta of 0.56. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 3.66. SYSCO Co. has a 12 month low of $48.85 and a 12 month high of $64.27.

SYSCO (NYSE:SYY) last released its quarterly earnings results on Monday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The business had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $14.15 billion. SYSCO had a return on equity of 61.02% and a net margin of 2.10%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. equities analysts anticipate that SYSCO Co. will post 2.95 EPS for the current fiscal year.

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SYSCO Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Institutional Ownership by Quarter for SYSCO (NYSE:SYY)

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